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Investment Highlights

  • Both the BFR & Multifamily sites are fully entitled
  • 5 Minutes to the Tucson Mall
  • 25 minutes from Tucson International Airport
  • 1 Mile to "The Loop" bike loop
  • Direct access to Oracle Road and Rudasill Road and 10 Minutes to Interstate 10
  • Limited Inventory with rising demand

Executive Summary

303 W Rudasill Rd presents an opportunity to acquire approximately 54.35 acres of entitled residential development land in Tucson's established northwest submarket. The property is planned for a proposed 117-unit build-for-rent community and 210 multifamily units, with the ability to sell development components separately. Engineering, entitlement, and pre-construction civil work have reportedly been completed, allowing a buyer to focus on execution rather than lengthy entitlement timelines.
The site benefits from direct access to both Oracle Road and Rudasill Road, placing future residents within convenient reach of major retail, employment, and lifestyle amenities throughout the Casas Adobes and northwest Tucson area. Tucson Mall, one of the region's primary retail destinations, is located approximately five minutes away, while Interstate 10 is accessible within approximately ten minutes, supporting connectivity throughout the Tucson metropolitan area. The property is also located near The Loop regional trail system, a significant recreational amenity that serves multiple communities across Pima County.
Northwest Tucson continues to attract residential demand due to its established neighborhoods, transportation accessibility, retail services, and proximity to major employment centers throughout the metro area. The combination of completed entitlement work, planned build-for-rent and multifamily product, and access to regional transportation corridors positions the site for residential development in a supply-constrained environment.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
Total Lot Size 54.35 AC
Zoning CR-1 - Commercial and residential

1 Lot Available

Lot

Lot Size 54.35 AC

54.35 acres of fully entitled develop land for proposed 117 Units Build-For-Rent & 210 Multifamily Units, can be sold separately. Engineering work, entitlement work, as well as pre-construction for all civil, is completed.

Description

Cushman & Wakefield, as exclusive advisor, is pleased to present this outstanding opportunity for developers to acquire entitled multifamily and build-for-rent land in Tucson, AZ. The site (±54.35 Acres of land) fronts Oracle Road and is ±5 minutes to the Interstate 10 Freeway in Northwest Tucson. This sub-market is one of the most desirable areas in the entire Tucson market. There has not been a parcel of this size in or near the Tucson Foothills for many years. The Catalina Foothills submarket is one of the most affluent communities in Arizona and the U.S., with the 6th highest per capita income in Arizona, and the 14th highest per capita income in the U.S. of communities with a population of at least 50,000. The Subject property has a large amount of open space, with incredible 360-degree views of the Santa Catalina Mountains. Engineering work, entitlement work, as well as pre-construction for all civil, is completed. A potential buyer can expect a shorter time frame for building permits than other sites.

Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
  • Listing ID: 31879977

  • Date on Market: 2024-05-21

  • Last Updated:

  • Address: 303 W Rudasill Rd, Tucson, AZ 85704

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